Used cars remains Georgia’s biggest export product

Used cars remains Georgia’s biggest export product

(Source: GeoStat.)

TBILISI, DFWatch–Georgia’s foreign trade turnover in the first three months of 2013 was USD 2 144 million. This is five percent less than in the preceding period, according to a new report by Georgia’s National Statistics Department, Geostat.

Export amounted to USD 565 million and USD 1 579 of the turnover was import.

The negative trade balance in January-March 2013 was USD 1 013, which is 47 percent of the total turnover. The trade deficit was reduced compared to 2012, when it was – USD 1 188.

Used cars remains Georgia’s number one export product with USD 140 million, which is 25 percent of the total export. This is followed by ferro-alloys – USD 68 million (12 percent) and nitrogenous fertilizers – USD 36 million (6 percent).